Nomura revises Nifty target to 24,900 amid earnings concerns
after close1 source ↓written by the desknot a recommendation
- 50 index
- 24,900
- 15.02%
- 29,300
- in consensus earnings
- 7.5% decline
Investment bank Nomura has cut its December target for the Nifty 50 index to 24,900, down 15.02% from 29,300. The firm also forecasts a 7.5% decline in consensus earnings estimates due to risks from elevated oil prices. This revision highlights significant headwinds for Indian equities, impacting market sentiment.
Not investment advice. For informational purposes only.